Fuse
Facts
- HQ
- not provided in text
- Sectors
- Venture Capital, Software, Artificial Intelligence
- Last fund
- Fuse Venture Partners III, LP · 2026 SEC Form D
- Funds raised
- 3 funds SEC Form D filings
- Total capital
- $13.5M SEC Form D filings
Efficient Computer Raises $97M Series B at $650M Valuation; Outmarket AI Secures $34.5M Series B After Reaching 10,000 Users
A roundup of recent VC deals: Efficient Computer raised $97M Series B at a $650M valuation to scale its energy‑efficient data‑flow processors; Outmarket AI raised $34.5M Series B after reaching 10,000 users; Ascerta and ArkeaBio also announced funding along with other investors.
Builders FirstSource leads $25.3M round in Vancouver startup Digs, signs five-year AI development and commercial deal
Vancouver software startup Digs raised $25.3 million led solely by Builders FirstSource, which also signed a five-year commercial partnership to co-develop AI capabilities for homebuilders. Digs, founded in 2022, has now raised nearly $50 million, plans to grow from 37 to about 60 employees, and makes a platform that centralizes construction documents for builders and homeowners.
Digs raises $25.3M Series A led by Builders FirstSource and inks five-year integration deal for 140,000 builders
Digs, a Vancouver, Wash. startup building AI software for residential construction, raised $25.3 million in a Series A led by Builders FirstSource and signed a five-year agreement to integrate its AI platform into Builders FirstSource’s digital ecosystem for 140,000 builder clients.
Harell Data founded by Harlan Robins raises $15M to let data owners securely monetize AI training
Harlan Robins, co-founder and former CSO of Adaptive Biotechnologies, launched Harell Data with $15 million in funding to let proprietary data owners securely host datasets for AI model training and receive direct revenue shares instead of waiting for downstream royalties.
Prosper Medical raises $16M led by FUSE to scale AI-powered concierge primary care
Prosper Medical, a San Francisco–based healthtech startup founded in 2026, raised $16 million in a financing round led by FUSE to scale its AI-powered concierge primary care platform and expand its physician network and market footprint.
Thira Raises $21M Seed Round for AI Workflow Systems
Thira, a Bellevue, Washington developer of AI systems that improve complex workflows, raised $21 million in seed funding. The company’s funding will support its AI system solutions to enhance workflow efficiency.
Kevin Ryan’s AlleyCorp Raises $335 Million Second Early-Stage Fund to Back Psychedelics, Healthcare and Deep Tech
AlleyCorp founder Kevin Ryan raised a new $335 million early-stage fund after taking outside capital for the first time in 2024, continuing the firm’s strategy of making early bets in areas like psychedelics, healthcare, deep tech and general tech. The firm, which has produced multiple unicorns and reportedly a historical 60% IRR, aims to back companies before opportunities are obvious and help build them from early revenue stages.
Apptio Co-founders Sunny Gupta and Kurt Shintaffer Launch Thira, Raise $21M Seed Led by Madrona to Build Autonomous IT Support Agents
Apptio co-founders Sunny Gupta and Kurt Shintaffer launched Bellevue-based enterprise AI startup Thira to build autonomous agents for IT support and back-office work, and raised $21 million in seed funding led by Madrona. Thira will integrate with tools like ServiceNow, Jira Service Management and identity/device-management systems, with plans to expand into finance and HR amid competition from companies such as ServiceNow (Moveworks), Aisera, Rezolve.ai, and Serval.
Thira Secures $21 Million Seed Funding to Automate Enterprise Back-Office Workflows with AI
Thira, founded by Apptio co-founders in 2026, has raised $21 million in a seed round led by Madrona to develop an AI-native platform that automates complex enterprise back-office workflows while ensuring security and compliance.
Thira Raises $21 Million Seed Round Led by Madrona to Build Self-Learning AI Back-Office Platform
Thira raised $21 million in seed funding led by Madrona to build a self-learning AI back-office platform, with participation from FUSE and several global advisors and CIOs.
Thira Secures $21 Million Seed Funding Led by Madrona to Develop Self-Learning AI Back-Office Platform
Thira raised $21 million in seed funding led by Madrona to develop a self-learning AI back-office platform, with additional support from FUSE and global advisors.
Thira Secures $21M Seed Funding Led by Madrona to Develop AI-Driven Self-Running Enterprise Back-Office
Thira, founded by Apptio co-founders Sunny Gupta and Kurt Shintaffer, raised $21 million in a seed round led by Madrona to develop a secure, self-learning AI system aimed at automating enterprise back-office IT processes. The funding round also includes participation from FUSE and prominent advisors, with key industry veterans joining the founding team.
SpaceX's $75 Billion IPO Expected to Boost Seattle's Space Industry and Elevate Company Valuation to $1.77 Trillion
SpaceX's upcoming $75 billion IPO on Nasdaq is projected to boost its valuation to $1.77 trillion and benefit Seattle's space sector by providing capital for satellite and Starship expansion, potentially lowering launch costs and aiding local startups. The Seattle area's connection to SpaceX dates back to 2015, and regional startups like Starcloud and Portal Space Systems stand to gain from this growth.
Fuse launches Fuse Venture Partners III with undisclosed target size; closed $250M for Fund II in 2023
Bellevue-based early-stage venture firm Fuse has launched its third fund, Fuse Venture Partners III, with an undisclosed target size per a regulatory filing; the firm focuses on software for supply chains, healthcare, space applications and robotics and raised $250 million for its second fund in 2023.
Philip Johnston announces Starcloud’s $170M Series A at $1.1B valuation to build space data centers
Starcloud raised a $170M Series A at a $1.1B valuation to advance development of space-based data centers, funding their third satellite aimed at making AI inference cost-competitive with Earth centers after deploying Starcloud-1 which trained an LLM in space.
Starcloud Raises $170M, Reaches $1.1B Valuation to Build Solar-Powered Space Data Centers
Starcloud, a Redmond-based startup building solar-powered space data centers, raised $170 million to reach a $1.1 billion valuation just 17 months after its Y Combinator demo day. The company demonstrated AI computing in orbit with its Starcloud-1 satellite and plans a more powerful Starcloud-2 launch later this year.
UW Students Pitch AI Startup Ideas to Seattle Venture Capitalists After 10-Week Program at Pioneer Square Labs
University of Washington students from seven teams pitched AI-driven startup ideas to influential Seattle investors at Pioneer Square Labs, concluding a 10-week entrepreneurship program led by venture capitalist Greg Gottesman and UW professor Ed Lazowska. The event featured realistic pitch rounds, attracting prominent tech leaders as guests throughout the course.
London’s Foundry Acquires Seattle AI Management Startup Griptape to Boost Creative Production Tools
Seattle startup Griptape, founded by former AWS executives and specializing in AI model management platforms, was acquired by London-based creative software company Foundry to enhance its AI-powered production tools. Griptape had raised $12.5 million in funding and had 13 employees at the time of acquisition.
Scala Raises $8.5 Million Seed Round Co‑Led by Madrona Venture Group and FUSE
Scala, an operational intelligence platform for modern contact centers based in Bellevue, Washington, raised $8.5 million in a Seed funding round co-led by Madrona Venture Group and FUSE. The announcement was reported by Ben Murray on February 17, 2026.
Seattle Startup Integrate Raises $17M Series A to Expand Defense and Space Project Management Software
Seattle startup Integrate secured $17 million in Series A funding to expand its super-secure project management tool used in defense, space, and other industries. The company, which has a $25 million Space Force contract and supports classified intelligence projects, is also attracting interest from automotive, renewable energy, and maritime sectors.
Icertis Co-founder and Former CEO Samir Bodas Dies at 61 After Battling Cancer
Samir Bodas, co-founder and former CEO of Icertis, passed away at 61 after battling cancer, leaving behind a legacy of leadership that emphasized team success over individual accolades. His close friendships, including with Microsoft CEO Satya Nadella, reflected his entrepreneurial spirit and commitment to fostering company culture rooted in personal values.
Fuse Leads $10 Million Seed Round in Avante as VC Investment Surges Amid AI Boom, Say Panelists
At a Seattle AI Week panel, Fuse's Kellan Carter and Avante CEO Rohan D’Souza shared that early-stage startups should focus on solving specific problems, building strong conviction, and prioritizing distribution amid the AI boom. Fuse led Avante’s $10 million seed round in late 2023, highlighting the importance of trust and relationships between founders and investors during the current venture capital landscape where AI drives significant funding.
Stefan Kalb Launches Super Labs with $8M Seed to Help Mid-Market Companies Adopt AI Without Tech Expertise
Seattle entrepreneur Stefan Kalb launched Super Labs in September to help mid-market businesses adopt AI without technical expertise, raising $8 million in seed funding led by FUSE. The platform connects non-tech companies with AI vendors and manages integration to prevent these companies from falling behind larger enterprises.
Seattle Startup Zuper Launches AI-Powered Smart Glasses for Tradespeople Integrating with Its Workforce Management Platform
Seattle-based Zuper launched Zuper Glass, AI-powered smart glasses for tradespeople like roofers and electricians to capture visuals, perform inspections, and communicate hands-free. The glasses integrate with Zuper's platform for field workforce management, enhancing safety and efficiency.
Fundamentals for Startups – 10 Reasons Not to Take VC $$ presented to UW CoMotion Labs on Oct 3, 2025
A presentation titled "Fundamentals for Startups – 10 Reasons Not to Take VC $$," prepared for University of Washington CoMotion Labs on October 3, 2025, outlines arguments against accepting venture capital and acknowledges input from several Seattle-area VCs and others.
Fund History
People
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Brendan Wales Founder, Co-founder and Founding Partner
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Cameron Borumand Founder, Co-Founder and General Partner
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John Connors Executive, Former CFO of Microsoft, Operating Partner
